SpaceX stock dropped following the successful orbital flight and splashdown of Starship due to increased market supply, including an expired post-IPO lockup period and insider share sales.
Elon Musk recently endorsed a viral social media prediction forecasting artificial general intelligence by 2027, but prediction market traders and industry experts remain skeptical about achieving this rapid timeline.
Maye Musk revealed she advised her son Elon to focus on just one business after PayPal, but he ignored her to build Tesla and SpaceX, creating a massive fortune tied up in company equity.
SpaceX shares dropped over 4% ahead of a major share lockup expiration and Starship Flight 14, the spacecraft's inaugural commercial orbital mission carrying 26 Starlink V3 satellites.
Elon Musk argues that Earth's economy is tiny compared to a star-driven K2 economy as projected artificial intelligence infrastructure investments outpace historic American booms like railroads and highways.
